GROENVINK: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
GROENVINK
Largest movements
- Tangible fixed assets +€36,383
up €36,383 (+2.7%), from €1.4m to €1.4m
of which Plant, machinery and equipment: +€64,744
- Other debts +€15,672
up €15,672 (+3.3%), from €470,565 to €486,237
- Financial charges +€36,478
up €36,478 (+349.7%), from €10,432 to €46,910
- Gross operating margin +€25,520
up €25,520 (+24.5%), from €104,010 to €129,530
- Taxes -€8,204
down €8,204 (-97.4%), from €8,426 to €222
- Financial income -€8,093
down €8,093 (-53.8%), from €15,034 to €6,942
of which Non-recurring financial income: -€8,137
- Other operating charges -€2,356
down €2,356 (-77.5%), from €3,041 to €686
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,406,962 | €1,441,560 | +€34,598 | +2.5% |
| Fixed assets | 21/28 | €1,351,467 | €1,387,849 | +€36,383 | +2.7% |
| Tangible fixed assets | 22/27 | €1,351,467 | €1,387,849 | +€36,383 | +2.7% |
| Land and buildings | 22 | €1,102,598 | €1,058,271 | -€44,327 | -4.0% |
| Plant, machinery and equipment | 23 | €228,121 | €292,864 | +€64,744 | +28.4% |
| Furniture and vehicles | 24 | €20,748 | €36,714 | +€15,966 | +77.0% |
| Current assets | 29/58 | €55,496 | €53,711 | -€1,785 | -3.2% |
| Amounts receivable within one year | 40/41 | €4,744 | €17,720 | +€12,976 | +273.5% |
| Trade receivables | 40 | - | €5,174 | +€5,174 | |
| Other amounts receivable | 41 | €4,744 | €12,546 | +€7,802 | +164.4% |
| Cash at bank and in hand | 54/58 | €46,412 | €35,991 | -€10,421 | -22.5% |
| Deferred charges and accrued income | 490/1 | €4,340 | - | -€4,340 | |
| Total equity and liabilities | 10/49 | €1,406,962 | €1,441,560 | +€34,598 | +2.5% |
| Equity | 10/15 | €342,318 | €340,816 | -€1,502 | -0.4% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €321,858 | €320,356 | -€1,502 | -0.5% |
| Distributable reserves | 133 | €321,858 | €320,356 | -€1,502 | -0.5% |
| Amounts payable | 17/49 | €1,064,645 | €1,100,744 | +€36,100 | +3.4% |
| Amounts payable after more than one year | 17 | €522,072 | €517,462 | -€4,610 | -0.9% |
| Financial debts | 170/4 | €522,072 | €517,462 | -€4,610 | -0.9% |
| Amounts payable within one year | 42/48 | €542,573 | €583,283 | +€40,710 | +7.5% |
| Current portion of amounts payable after more than one year | 42 | €57,346 | €69,796 | +€12,449 | +21.7% |
| Trade debts | 44 | €4,635 | €10,859 | +€6,224 | +134.3% |
| Suppliers | 440/4 | €4,635 | €10,859 | +€6,224 | +134.3% |
| Taxes, remuneration and social security | 45 | €10,027 | €16,391 | +€6,365 | +63.5% |
| Taxes | 450/3 | €10,027 | €16,391 | +€6,365 | +63.5% |
| Other amounts payable | 47/48 | €470,565 | €486,237 | +€15,672 | +3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €89,230 | €90,156 | +€925 | +1.0% |
| Other operating charges | 640/8 | €3,041 | €686 | -€2,356 | -77.5% |
| Gross operating margin | 9900 | €104,010 | €129,530 | +€25,520 | +24.5% |
| Operating profit (loss) | 9901 | €11,738 | €38,689 | +€26,950 | +229.6% |
| Financial income | 75/76B | €15,034 | €6,942 | -€8,093 | -53.8% |
| Recurring financial income | 75 | €34 | €78 | +€44 | +129.2% |
| Non-recurring financial income | 76B | €15,000 | €6,863 | -€8,137 | -54.2% |
| Financial charges | 65/66B | €10,432 | €46,910 | +€36,478 | +349.7% |
| Recurring financial charges | 65 | €10,432 | €46,910 | +€36,478 | +349.7% |
| Profit (loss) for the period before taxes | 9903 | €16,341 | -€1,280 | -€17,621 | |
| Income taxes | 67/77 | €8,426 | €222 | -€8,204 | -97.4% |
| Profit (loss) for the period | 9904 | €7,915 | -€1,502 | -€9,417 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,915 | -€1,502 | -€9,417 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.